BofA raised the firm’s price target on Wingstop (WING) to $360 from $319 and keeps a Buy rating on the shares following a Smart Kitchen tour. There is already evidence that the faster speeds of service and lower quote times are translating into incremental sales, as customer satisfaction scores have increased 8% and conversion rates are 5% higher at restaurants with Smart Kitchens, the analyst tells investors following the tour.
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Read More on WING:
- Wingstop’s Growth Potential Boosted by Smart Kitchen Innovation and Operational Improvements
- Wingstop price target raised to $320 from $300 at Wells Fargo
- Wingstop’s Strategic Advancements and Long-term Growth Potential Drive Buy Rating
- Wingstop price target raised to $360 from $310 at Barclays
- Wingstop’s Strategic Advancements and Growth Potential Justify Buy Rating
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